Machine That Makes Moneyhttp://machinethatmakesmoney.com
Your complete online guide to becoming an entrepreneur and starting your startupSat, 17 Feb 2018 16:00:31 +0000en-UShourly1https://wordpress.org/?v=4.9.4Key metrics from great pitch deckshttp://machinethatmakesmoney.com/key-metrics-great-pitch-decks/
http://machinethatmakesmoney.com/key-metrics-great-pitch-decks/#respondFri, 16 Feb 2018 09:46:26 +0000http://machinethatmakesmoney.com/?p=677This article not only covers the key metrics that different startups use when describing their success in investor pitches, but it also lets you look through 8 solid pitch decks… The key business metrics from 8 SaaS startup pitch decks All 8 of these companies successfully raised millions of dollars from investors. The decks demonstrated […]

All 8 of these companies successfully raised millions of dollars from investors. The decks demonstrated here can educate you in what investors are used to seeing, and how great entrepreneurs make their cases to investors.

]]>http://machinethatmakesmoney.com/key-metrics-great-pitch-decks/feed/0It is stunning how simple some of the products on Kickstarter arehttp://machinethatmakesmoney.com/stunning-simple-products-kickstarter/
http://machinethatmakesmoney.com/stunning-simple-products-kickstarter/#respondWed, 14 Feb 2018 11:02:23 +0000http://machinethatmakesmoney.com/?p=663A Kickstarter product does not get much simpler than this… It is a little inert egg, and an idea. It raised $4,000 on day 1. I want to see where it is on day 60: “The Thinking Egg”

]]>http://machinethatmakesmoney.com/stunning-simple-products-kickstarter/feed/0Getting help and coaching with investor pitcheshttp://machinethatmakesmoney.com/getting-help-coaching-investor-pitches/
http://machinethatmakesmoney.com/getting-help-coaching-investor-pitches/#respondTue, 13 Feb 2018 06:27:01 +0000http://machinethatmakesmoney.com/?p=654Pitching to investors is a big deal. Get it right and your pitch can be worth millions of dollars. Get it wrong and you are back on the street with $0. Therefore it is worth your effort to get it right… One avenue is to find as much stuff on the Web as you can […]

]]>Pitching to investors is a big deal. Get it right and your pitch can be worth millions of dollars. Get it wrong and you are back on the street with $0. Therefore it is worth your effort to get it right… One avenue is to find as much stuff on the Web as you can to aid in the effort. One famous dissertation on the topic comes from David Rose in his TED talk:

]]>http://machinethatmakesmoney.com/getting-help-coaching-investor-pitches/feed/0Sonic Soak – example of something that did extremely well on IndieGoGohttp://machinethatmakesmoney.com/sonic-soak-example-something-extremely-well-indiegogo/
http://machinethatmakesmoney.com/sonic-soak-example-something-extremely-well-indiegogo/#respondMon, 12 Feb 2018 07:39:59 +0000http://machinethatmakesmoney.com/?p=650They claim it can clean anything (Clothes, fruits vegetables) that you can fit into a sink or bowl using the power of… ultrasound: Sonic Soak: The Ultimate Ultrasonic Cleaning Tool The technology has been around for decades, and they have repackaged it to create a $1+ million campaign: What is Sonic Soak? Sonic Soak is […]

The technology has been around for decades, and they have repackaged it to create a $1+ million campaign:

What is Sonic Soak?

Sonic Soak is a device that aims to revolutionize cleanliness and hygiene in our daily lives by using ultrasonic cleaning technology. Sonic Soak’s modulated ultrasonic waves travel through water to clean at a microscopic level.

The page on IndieGoGo shows the basics of a successful campaign, and then there is something else. Even though the campaign ended 2 months ago, they are now continuing to advertise pre-orders:

]]>http://machinethatmakesmoney.com/sonic-soak-example-something-extremely-well-indiegogo/feed/0Fastlane Forumhttp://machinethatmakesmoney.com/fastlane-forum/
http://machinethatmakesmoney.com/fastlane-forum/#respondMon, 12 Feb 2018 06:04:42 +0000http://machinethatmakesmoney.com/?p=648If you ask fellow entrepreneurs about places where they can get answers to questions, one place that comes up consistently will be… The Fastlane Forums at https://www.thefastlaneforum.com/community The About section on the site describes the effort this way: The Fastlane Forum’s mission is to encourage entrepreneurs to become valued contributors to society, successful, financially independent, and […]

The Fastlane Forum’s mission is to encourage entrepreneurs to become valued contributors to society, successful, financially independent, and self-sufficient through leveraged and disciplined entrepreneurship, or UNSCRIPTED Entrepreneurship.

UNSCRIPTED Entrepreneurship is based on the Fastlane Business Structure where innovation, creativity, and problem solving is executed in scale. It is outward focused as opposed to inward. The forum is based upon the principles outlined in the international best selling book(s), The Millionaire Fastlane and UNSCRIPTED (Learn More ).

UNSCRIPTED Entrepreneurship is not something you “do” or “try”— it’s something you live. This forum has been created to inspire your walk down the road, and to share in the experience of others who have made the decision to embark on the most spectacular journey life can offer— the journey of living an entrepreneurs’ life.

]]>http://machinethatmakesmoney.com/fastlane-forum/feed/0Successful advertising on Reddithttp://machinethatmakesmoney.com/advertising-on-reddit/
http://machinethatmakesmoney.com/advertising-on-reddit/#respondSun, 11 Feb 2018 13:03:17 +0000http://machinethatmakesmoney.com/?p=646If you have read the section entitled “Using Ads to Create a Reproducible Business Model“, you understand that you need to find places where you can advertise efficiently. One such place is Reddit… This is a great article that shows you how to make it happen: How To Advertise On Reddit: My Experience & 9 […]

]]>If you have read the section entitled “Using Ads to Create a Reproducible Business Model“, you understand that you need to find places where you can advertise efficiently. One such place is Reddit… This is a great article that shows you how to make it happen:

The fact that so many advertisers ignore Reddit represents a huge opportunity. Reddit is a wide-open platform for advertisers willing to spend time doing Reddit advertising correctly.

That’s because (compared to Google AdWords or Facebook Ads) no one knows how to advertise on Reddit. And often the advertisers who think they know how to advertise on Reddit… don’t actually know how to do it well (and often end up hurting their brands in the process). Here’s The Atlantic & HubSpot on the topic.

Definitely worth a look before you start advertising on Reddit. Here are several other helpful articles:

]]>http://machinethatmakesmoney.com/advertising-on-reddit/feed/0What is it like to join an accelerator?http://machinethatmakesmoney.com/like-join-accelerator/
http://machinethatmakesmoney.com/like-join-accelerator/#respondFri, 09 Feb 2018 23:02:58 +0000http://machinethatmakesmoney.com/?p=642This article describes the experience of an entrepreneur who joined the CUNY accelerator, and he says, “joining was one of the best decisions I’ve made as a young entrepreneur….” The things I learned from joining a startup accelerator Lots of good insights and experiences described here.

]]>http://machinethatmakesmoney.com/like-join-accelerator/feed/0The Joy of the Red Paperclip Experimenthttp://machinethatmakesmoney.com/joy-red-paperclip-experiment/
http://machinethatmakesmoney.com/joy-red-paperclip-experiment/#respondMon, 05 Feb 2018 17:42:43 +0000http://machinethatmakesmoney.com/?p=605I have been cleaning up some open links, and here is one I saved from a couple of months ago. The question on Reddit is “What small habit, if done everyday over the course of a year, can lead to the biggest personal improvement/ gain?”. One answer from /u/AskMeAboutMyTshirt is… Try to get rejected once […]

]]>I have been cleaning up some open links, and here is one I saved from a couple of months ago. The question on Reddit is “What small habit, if done everyday over the course of a year, can lead to the biggest personal improvement/ gain?”. One answer from /u/AskMeAboutMyTshirt is…

Try to get rejected once a day.

He adds: “Advice from an old professor. He was a photographer and would ‘try to get rejected’ getting into all kinds of cool places….he got into a lot of cool places.”

This, to me, is one of the important lessons from the Red Paperclip Experiment. And it is one reason I assign it in a lot of my classes. In order to be successful in trading/bartering/deal-making (which is what the Red Paperclip experiment is), you have to be willing to reach out to people – to ask a lot of people if they will trade with you. But if you will do it, the results can be amazing, even though you do get rejected at times. In Kyle’s case, he managed to trade all the way from paperclip to house. Here is a great video describing the Red Paperclip process:

Kyle also did a TEDx talk on his experiences:

Another important lesson from the Red Paperclip experiment is this: Many people have “stuff” that they do not need anymore. This stuff moves, in their minds, from “valuable” to “junk that is cluttering up my garage”. Once something becomes” junk”, people will often trade it for something they need, without a lot of regard for its true value in the marketplace.

The truth is that getting rid of junk can be a pain in the ass, and if you take “junk” off of someone’s hands they will be grateful.

Everyone should try the Red paperclip experiment at least once. The results can be amazing. Some people go so far as to make a living at it – a practice commonly known as “flipping” today.

Cutting edge topics by experts from around the country: AI/machine learning, AR/VR, crypto/blockchain, fintech, medtech/life sciences/digital health and more

#Women4Women, the largest gathering of angel groups, seed series funds and VC funds focused on women founders in the US in 2018

1000-1500 startup and early stage entrepreneurs, angel and VC investors, service providers, accelerators, entrepreneur support organizations, tech enthusiasts and others from two dozen+ states and a half-dozen countries. Approximately 20% of attendees are accredited investors.

Over 100 exhibitors; special exhibition opportunities for venture oriented startups and non-profits. Exhibition/sponsorship opportunities from $1,000-$25,000.

]]>http://machinethatmakesmoney.com/sup-x-startup-expo-2018-july-26-ft-lauderdale-fl/feed/0Places to read startup success storieshttp://machinethatmakesmoney.com/places-read-startup-success-stories/
http://machinethatmakesmoney.com/places-read-startup-success-stories/#respondSun, 04 Feb 2018 19:38:51 +0000http://machinethatmakesmoney.com/?p=582I have enjoyed reading the stories on this web site: https://www.starterstory.com He recommends this site, where they share financials: https://www.indiehackers.com/businesses This one is called Startup Success Stories, from Entrepreneur magazine: https://www.entrepreneur.com/topic/startup-success-stories Here is a YouTube channel with over 100,000 subscribers: Startup Stories StartupStories.in